AB100-ASA1,1702,1212
b. Promotes the economic development within the specific geographic area.
AB100-ASA1,1702,1313
(f) "Mining" means metallic mineral mining.
AB100-ASA1,1702,16
14(2) Subject to subs. (3) and (4), the board may award a grant or loan for the
15purpose specified to any of the following entities located in an area affected by
16mining:
AB100-ASA1,1702,1817
(a) A business, to finance costs associated with start-up, maintenance or
18expansion in an area affected by mining.
AB100-ASA1,1702,1919
(b) A city, village, town or county, to develop an economic diversification plan.
AB100-ASA1,1702,2220
(c) A city, village, town, county, community-based organization or local
21development corporation, to establish a local revolving loan fund to finance
22businesses that will create long-term employment opportunities.
AB100-ASA1,1702,2523
(d) A community-based organization or local development corporation, to
24conduct a local economic development project that will create long-term employment
25opportunities and to provide assistance to businesses or entrepreneurs.
AB100-ASA1,1703,4
1(e) A business, to obtain professional services related to the start-up,
2maintenance or expansion of the business, including assistance with feasibility
3studies or financial and marketing plans and managerial assistance after start-up
4or expansion.
AB100-ASA1,1703,6
5(3) The board may not award a grant or loan under sub. (2) if the proceeds will
6be used to establish or expand a business that is solely dependent on mining activity.
AB100-ASA1,1703,8
7(4) (a) The board may not award a grant or loan under sub. (2) (a), (b) or (d) that
8exceeds $100,000.
AB100-ASA1,1703,109
(b) The board may not award a grant or loan under sub. (2) (c) that exceeds
10$200,000.
AB100-ASA1,1703,1211
(c) The board may not award a grant or loan under sub. (2) (e) that exceeds
12$15,000.
AB100-ASA1,1703,14
13(5) In awarding grants and loans under sub. (2), the board shall consider all
14of the following:
AB100-ASA1,1703,1515
(a) The factors under s. 560.605 (2) (a) to (e).
AB100-ASA1,1703,1716
(b) Whether the project will be located in a targeted area, as determined by the
17board after considering the factors under s. 560.605 (2m) (a) to (h).
AB100-ASA1,1703,2018
(c) The extent to which the business or other entity assisted by the project is
19likely to provide stable, long-term employment opportunities to reduce the
20dependence of the area on mining.
AB100-ASA1,1703,22
21(6) From the appropriations under s. 20.143 (1) (if) and (r), the department
22shall make grants and loans awarded by the board under sub. (2).
AB100-ASA1,1704,3
23(7) The department, with the approval of the board, shall promulgate rules
24establishing policies and standards for awarding grants and loans under sub. (2),
25consistent with policies and standards established under the rules required under
1s. 560.602. The department shall promulgate rules regarding the application
2processes for grants and loans under sub. (2) and for loans made from revolving loan
3funds established with proceeds awarded under sub. (2) (c).
AB100-ASA1,1704,55
560.14
(1) (ar) "Brownfields" has the meaning given in s. 560.60 (1v).
AB100-ASA1,1704,87
560.14
(1) (fm) "Small business" means a business that has fewer than 100
8full-time employes.
AB100-ASA1,1704,1310
560.14
(2) (a) 1. Enable a
community-based organization or a political
11subdivision receiving a grant to develop a plan for diversifying
its the local or
12regional economy
, attracting new businesses and jobs and promoting economic
13development.
AB100-ASA1, s. 2971
14Section
2971. 560.14 (2) (c) (intro.) of the statutes is renumbered 560.14 (2)
15(c) and amended to read:
AB100-ASA1,1704,1716
560.14
(2) (c) An individual grant under this subsection may not exceed
17whichever of the following applies: $30,000.
AB100-ASA1,1704,2421
560.14
(3m) The department may make a grant from the appropriation under
22s. 20.143 (1) (fg) to a community-based organization for the purpose of creating a
23revolving loan fund for making loans to small businesses. The department shall
24promulgate rules for the administration of the program under this subsection.
AB100-ASA1,1705,4
1560.14
(3r) (a)
The department may make a grant from the appropriation
2under s. 20.143 (1) (fg) to a private, nonprofit foundation, including the National
3Foundation for Teaching Entrepreneurship to Handicapped and Disadvantaged
4Youth, or other private, nonprofit organizations if all of the following apply:
AB100-ASA1,1705,65
1. The foundation or organization teaches business skills to economically
6disadvantaged or socially at-risk children.
AB100-ASA1,1705,97
2. The grant proceeds will be used for costs associated with teaching the skills
8and developing the knowledge necessary to start and maintain a business
9enterprise.
AB100-ASA1,1705,1110
(b) The department shall promulgate rules for the administration of the
11program under this subsection.
AB100-ASA1,1705,1613
560.14
(4m) (a) Subject to par. (b), the department may make a grant under
14this subsection from the appropriation under s. 20.143 (1) (fg) to a community-based
15organization or private nonprofit organization for a venture capital development
16conference if all of the following apply:
AB100-ASA1,1705,1817
1. The conference will assist entrepreneurs or businesses in the state in
18obtaining capital for the start-up or development of a business.
AB100-ASA1,1705,2019
2. The conference will likely stimulate investment, promote economic
20development or create or retain jobs in the state.
AB100-ASA1,1705,2521
3. The grant applicant submits a plan that describes the proposed activity, how
22the activity satisfies the criteria under this paragraph, how the grant will be
23administered, how the grant proceeds will be used to support the activity and how
24the activity will be coordinated with other venture capital development conferences
25or programs, including any conferences or programs of the department.
AB100-ASA1,1706,1
14. The secretary approves the plan under subd. 3.
AB100-ASA1,1706,32
5. The grant applicant funds at least 50% of the total cost of the conference by
3providing cash or in-kind contributions.
AB100-ASA1,1706,54
(b) The department may not award more than $75,000 in grants under this
5subsection in any fiscal year.
AB100-ASA1,1706,87
560.14
(5) (b)
Promulgate Subject to par. (d), promulgate rules to develop
8criteria for evaluating applications for grants under this section.
AB100-ASA1,1706,1110
560.14
(5) (c) Consistent with subs. (2)
, (3) and (4) to (4m), award grants under
11this section on a competitive basis, using the criteria developed under par. (b).
AB100-ASA1,1706,1413
560.14
(5) (d) Give priority for grants under this section for projects related to
14brownfields redevelopment.
AB100-ASA1,1706,16
16560.16 (title)
Employe ownership assistance
loans grants.
AB100-ASA1,1706,1918
560.16
(1) (b) "Business" means an employe-owned business or an existing
19business which is the subject of an application for a
loan grant under this section.
AB100-ASA1,1706,2121
560.16
(2) (title)
Employe ownership assistance loans grants
.
AB100-ASA1,1707,223
560.16
(2) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the
24department may make
loans grants to existing business groups for a feasibility study
1to investigate the reorganization or new incorporation of an existing business as an
2employe-owned business and for professional services to implement the study.
AB100-ASA1,1707,64
560.16
(2) (b) The department may not make a
loan grant under this section
5unless the board has approved the
loan grant under this section or requested the
6department to make the grant under s. 560.61 (3).
AB100-ASA1,1707,98
560.16
(2) (c) (intro.) The board may not approve a
loan grant under this section
9unless the board has considered all of the following:
AB100-ASA1,1707,1311
560.16
(2) (d) The board may approve a
loan grant regardless of the number
12of employes laid off or to be laid off by the business or, if the business is closed, the
13length of time that it has been closed.
AB100-ASA1,1707,1715
560.16
(3) (title)
Loan
Grant applications. (intro.) To apply for a
loan grant 16under this section, a group shall submit an application to the department which
17includes:
AB100-ASA1,1707,2119
560.16
(3) (e) A description of the group's financial assets available to match
20the
loan grant and a statement indicating the group's willingness to match the
loan 21grant.
AB100-ASA1,1707,2523
560.16
(3) (f) A written commitment from a person with the recognized
24expertise and experience necessary to conduct the feasibility study or provide the
25professional services to be financed by the
loan
grant.
AB100-ASA1,1708,22
560.16
(4) (title)
Loan
Grant limits; contract approval.
AB100-ASA1,1708,64
560.16
(4) (a) A
loan grant to a group under this section may not exceed
$25,000
5unless the joint committee on finance, under s. 13.101 (5m), approves a specified
6amount exceeding $25,000 $15,000.
AB100-ASA1,1708,128
560.16
(4) (b) As a condition of approval of a
loan grant to a group under this
9section, the board shall require that the group provide matching funds for at least
1025% of the cost of the project, except that the board may waive application of that
11requirement if the board determines that the group is subject to extreme financial
12hardship.
AB100-ASA1,1708,1914
560.16
(4) (c) Any contract for any feasibility study or professional services
15financed by a
loan grant under sub. (2) (a) shall be subject to the approval of the
board 16department. The
board department may not approve such a contract unless it
17determines that the contractor has the expertise required to provide the necessary
18study or services and that the contractor's costs are consistent with existing market
19rates.
AB100-ASA1, s. 2992
21Section
2992. 560.16 (6) (a) (intro.) of the statutes is amended to read:
AB100-ASA1,1708,2322
560.16
(6) (a) (intro.) Any feasibility study of an existing business financed by
23a
loan grant under sub. (2) (a)
shall may include:
AB100-ASA1,1709,7
1560.16
(6) (b) The results of a feasibility study of an existing business financed
2by a
loan grant under sub. (2) (a) shall be solely for the use of the group which received
3the
loan grant, except that if the group's bid to purchase the business has been
4withdrawn, rejected or terminated, the group shall submit a copy of the study and
5the results of any professional services financed by the
loan grant to the board and
6the board may provide a copy of such results to any person seeking to purchase the
7existing business.
AB100-ASA1,1709,13
9560.165 Division of international and export development; fees. The
10division of international and export development may charge fees for services it
11provides to cover the costs incurred by the division in providing the services. The
12division shall deposit all fees collected under this section in the appropriation
13account under s. 20.143 (1) (g).
AB100-ASA1,1709,1515
560.17
(1) (am) "Brownfields" has the meaning given in s. 560.60 (1v).
AB100-ASA1,1709,1717
560.17
(1) (bm) "Job" has the meaning given in s. 560.60 (10).
